TSX VENTURE COMPANIES
ALTER NRG CORP. ("NRG")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: June 20, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced March 12 and April 3, 2008:
Number of Shares: 10,454,545 common shares
Purchase Price: $4.40 per share
Number of Placees: 169 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
Anchorage Capital Master
Offshore Ltd. Y 5,680,000
Canaccord Capital Corporation P 5,000
Dave Co Management Ltd.
(David McKeague) P 5,000
Agent's Fee: $1,264,999.95 payable to Raymond James Ltd.
$392,149.98 payable to Wellington West Capital
Markets Inc.
$347,874.98 payable to Canaccord Capital
Corporation
$347,874.98 payable to Paradigm Capital Inc.
$126,499.99 payable to Blackmont Capital Inc.
$63,250 payable to Genuity Capital Markets
G.P.
TSX-X
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AMERA RESOURCES CORPORATION ("AMS")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 13, 2008:
Number of Shares: 3,870,000 shares
Purchase Price: $0.14 per share
Warrants: 3,870,000 share purchase warrants to purchase
1,935,000 shares
Warrant Exercise Price: $0.18 for a two year period
Number of Placees: 3 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
Canaccord Capital ITF IMA
Exploration Inc. Y 3,570,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly.
TSX-X
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ARIES RESOURCE CORP. ("AES")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection
with an Option Agreement dated June 16, 2008 between the Company and Laird
Rice whereby the Company has been granted an option to acquire up to an
undivided 100% interest in the Claremont Tower Property located in the
Liard Mining Division, British Columbia. Consideration is the issuance of
5,000,000 common shares. The vendor retains a 1% NST which may be
purchased by the Company for $1,000,000, less all amounts previously
received by the Vendor as NSR payments, subject to further Exchange review
and acceptance.
TSX-X
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BRAZAURO RESOURCES CORPORATION ("BZO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection
with a Letter of Intent ("LOI") dated May 9, 2008 between Gold Fields
Holdings Company BVI Ltd. ("Gold Fields"), Gold Fields Do Brazil Mineracao
and the Company whereby the Company will acquire all of the outstanding
securities of a BVI company which holds a 100% interest in the Bom Jardim
property located in the Tapajos region of Para State, Brazil.
Consideration is the issuance of common shares with an aggregate deemed
price of CAD$1,000,000 calculated using a price per share equal to the
greater of: a) the 30 day volume weighted average price prior to closing;
or b) the Discounted Market Price on the day prior to the date of the LOI
(or $0.48).
Gold Fields will retain a back-in right where it will have a one-time
option, two years after closing to earn a 60% interest the BVI holding
company by spending an amount equal to two times the expenditures made by
the Company over a three year period on the property and the Company's
Circulo property. If Gold Fields elects not to back-in, it will be
entitled to a 2% Net Smelter Return Royalty on the property. If Gold
Fields acquires the 60% interest, it will have the further option to
increase its interest to 70% by either completing and delivering a
bankable feasibility study or by spending a further $10,000,000 on the
property over the succeeding three year period. Thereafter, the Company
and Gold Fields will contribute proportionately to further expenses. The
Company will have the option to request Gold Fields to lend sufficient
funds to meet the Company's share of the cost of placing the property into
production, in which case Gold Field's interest will be increased to 75%.
TSX-X
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CAPSTOCK FINANCIAL INC. ("CPK.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 17, 2008, effective at
11:07 a.m. PST, June 20, 2008 trading in the shares of the Company will
remain halted pending receipt and review of acceptable documentation
regarding the Qualifying Transaction pursuant to Listings Policy 2.4.
TSX-X
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CHALLENGER DEEP CAPITAL CORP. ("CDE")
BULLETIN TYPE: New Listing-CPC-Shares, Correction
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated June 19, 2008, the
Agent's Options should have read as follows:
Agent's Options: 200,000 non-transferable Agent's Options. One
option to purchase one common share at $0.10
per common share up to a period of 24
months from listing.
TSX-X
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CENIT CORPORATION ("CNT")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced March 13, 2008, April 18, 2008
and May 16, 2008:
Convertible Debenture $400,000
Conversion Price: Convertible into common shares at $0.15 per
share for a two year period
Maturity date: Two years from the date of closing
Interest rate: 8% per annum
Number of Placees: 11 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / Principal Amount
J. Birks Bovaird Y $5000
Finder's Fee: $40,000 and 266,666 finder's warrrants payable
to Regenesis Capital Management Inc. Each
finder's warrant is exercisable into one
common share at a price of $0.12 per share for
a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company has
issued a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s).
TSX-X
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CONSOLIDATED ECOPROGRESS TECHNOLOGY INC. ("CES.H")
(formerly Consolidated Ecoprogress Technology Inc. ("CES"))
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain
Suspended
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained
the requirements for a TSX Venture Tier 2 company. Therefore, effective
the opening June 23, 2008, the Company's listing will transfer to NEX, the
Company's Tier classification will change from Tier 2 to NEX, and the
Filing and Service Office will change from Vancouver to NEX.
As of June 23, 2008, the Company is subject to restrictions on share
issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from CES to CES.H. There is
no change in the Company's name, no change in its CUSIP number and no
consolidation of capital. The symbol extension differentiates NEX symbols
from Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture Exchange Bulletin dated November 6, 2007,
trading in the Company's Securities will remain suspended.
Members are prohibited from trading in the securities of the Company
during the period of the suspension or until further notice.
TSX-X
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GREENCASTLE RESOURCES LTD. ("VGN")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Effective at the open, June 20, 2008, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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GREEN PARK CAPITAL CORP. ("GRP.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 16, 2008, effective at
6:30 a.m. PST, June 20, 2008 trading in the shares of the Company will
remain halted pending receipt and review of acceptable documentation
regarding the Qualifying Transaction pursuant to Listings Policy 2.4.
TSX-X
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GRID CAPITAL CORPORATION ("GID")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced June 19, 2008:
Number of Shares: 4,000,000 shares
Purchase Price: $0.085 per share
Warrants: 4,000,000 share purchase warrants to purchase
4,000,000 shares
Warrant Exercise Price: $0.11 for a two year period
Number of Placees: 4 placees
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly.
TSX-X
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HABANERO RESOURCES INC. ("HAO")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a
Purchase and Sale Agreement dated April 29, 2008 between Habanero
Resources Inc. (the 'Company') and Ralph Maglieri wherein the Company has
agreed to sell to Ralph Maglieri its right, title, estate and interest in
and to the Kerrobert Project located in Saskatchewan, the Marble Falls
Rework Project located in Texas, and the Cardium Burnstick Prospect
located in Alberta In consideration, Ralph Maglieri has agreed to pay the
Company a total of $25,000 in cash. This transaction was announced in the
Company's press release on April 29, 2008.
TSX-X
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HALO RESOURCES LTD. ("HLO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a property option agreement
between Halo Resources Ltd. (the "Company") and Tribute Minerals Inc. (the
"Vendor"), whereby the Company has the option to earn up to a 75% interest
in nine claim units covering 144 hectares, located in Ball Township Red
Lake Mining Division, Ontario. In consideration, the Company will pay a
total of $50,000 and issue 400,000 common shares (100,000 in the first
year) over a two year period to the Vendor.
TSX-X
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HONEY BADGER EXPLORATION INC. ("TUF")
(formerly Telkwa Gold Corporation ("TKW"))
BULLETIN TYPE: Name Change
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders June 10, 2008, the Company
has changed its name as follows. There is no consolidation of capital.
Effective at the opening June 23, 2008, the common shares of Honey Badger
Exploration Inc. will commence trading on TSX Venture Exchange, and the
common shares of Telkwa Gold Corporation will be delisted. The Company is
classified as a "Mining (Non-Oil&Gas) Exploration/Development" company.
Capitalization: Unlimited shares with no par value of which
42,056,737 shares are issued and outstanding
Escrow: nil shares
Transfer Agent: Equity Transfer & Trust Company
Trading Symbol: TUF (new)
CUSIP Number: 438335 10 1 (new)
TSX-X
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ICIENA VENTURES INC. ("IIE")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a property option agreement
between Iciena Ventures Inc. (the "Company") and Joseph Lawrence, John
Ostler and Bruce Squinas (collectively, the "Vendors"), whereby the
Company has the option to acquire a 100% interest in 118 contiguous
mineral exploration claims located in central British Columbia. In
consideration the Company will pay the Vendors a total of $210,000 over a
five year period and issue 180,000 common shares.
The property is subject to a 1.5% net smelter return.
TSX-X
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KENIEBA GOLDFIELDS LTD. ("KEN")
(formerly Croesus Gold Inc. ("CGN"))
BULLETIN TYPE: Name Change
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Pursuant to a resolution passed by shareholders June 2, 2008, the Company
has changed its name as follows. There is no consolidation of capital.
Effective at the opening June 23, 2008, the common shares of Kenieba
Goldfields Ltd. will commence trading on TSX Venture Exchange, and the
common shares of Croesus Gold Inc. will be delisted. The Company is
classified as a "Mining (Non-Oil&Gas) Exploration/Development" company.
Capitalization: Unlimited shares with no par value of which
26,732,907 shares are issued and outstanding
Escrow: nil shares
Transfer Agent: CIBC Mellon Trust Company
Trading Symbol: KEN (new)
CUSIP Number: 489013 10 2 (new)
TSX-X
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MANO RIVER RESOURCES INC. ("MNO")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted a share purchase and subscription
agreement (the "Agreement"), amongst Mano River Resources Inc (the
"Company"); Mano River Iron Ore Holdings Ltd. ("Mano River"), a wholly-
owned subsidiary of the Company, Hereton Securities Ltd.; ("Hereton"), a
private Virgin Islands Company, AddVenture Capital Partners Ltd.;
("AddVenture"), a private Swiss Company, First Investors Guarantee Ltd.;
("First Investors"), a private Hong Kong Company, Zao Severstal Resource;
("Severstal"), a closed stock company incorporated in Russia, and Lybica
Holding B.V.; ("Lybica"), an indirect wholly-owned Dutch subsidiary of
Severstal.
Pursuant to the Agreement, Lybica will acquire 25% of the issued and
outstanding shares of African Iron Ore Group Ltd. ("AIOG"), an 80%-owned
subsidiary of Mano River.
The aggregate consideration payable by Lybica to Mano River is US$12.5
million cash.
In addition, Lybica will acquire a further 20% of the issued and
outstanding shares of AIOG from Hereton, AddVenture and First Investors,
(collectively "the Other Sellers"), for an additional US$10 million cash.
For further information, please refer to the Company's press release,
dated May 23, 2008, available on SEDAR.
TSX-X
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MEDMIRA INC. ("MIR")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 554,663 shares to settle outstanding debt for $104,650.
Number of Creditors: 1 Creditor
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
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NANOTECH SCIENCES CORP. ("NAN.P")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated June 19, 2008, effective at
9:33 a.m. PST, June 20, 2008 trading in the shares of the Company will
remain halted pending receipt and review of acceptable documentation
regarding the Qualifying Transaction pursuant to Listings Policy 2.4.
TSX-X
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PLATINEX INC. ("PTX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing
documentation pertaining to an Option Agreement (the "Agreement") dated
April 11, 2008, between Platinex Inc. (the "Company"), and Skead Holdings
Ltd. (the "Vendor"), whereby the Company can earn a 100% interest in
certain mining claims (the "Shiningtree Property"), located in Churchill,
MacMurchy and Asquith townships, Ontario.
Under the terms of the Agreement, the Company can earn a 100% interest in
the Property by making aggregate cash payments of CDN$400,000 (or share
equivalent), issuing 350,000 common shares and incurring cumulative
exploration expenditures of CDN$850,000 on or before April 11, 2012.
For further details, please refer to the Company's news release dated
April 22, 2008.
TSX-X
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PYNG MEDICAL CORP. ("PYT")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: June 20, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 110,000 bonus warrants to Vancity Capital Corp. further to the loan
provided in connection with the Company's acquisition of Bio Cybernetics
International. Each warrant is exercisable into one common share of the
Issuer at $0.55 per share until the earlier of the date the loan is repaid
or June 6, 2013.
TSX-X
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ROCKHAVEN RESOURCES LTD. ("RK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced May 29, 2008:
Number of Shares: 1,000,000 flow through shares
Purchase Price: $0.65 per share
Warrants: 500,000 share purchase warrants to purchase
500,000 shares
Warrant Exercise Price: $0.85 for a two year period
Number of Placees: 2 placees
Finder's Fee: Limited Market Dealer Inc. receives $39,000
and 80,000 options to acquire non-flow through
units, with the same terms as the above
private placement, at a price of $0.65 for a
24 month period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly.
TSX-X
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ROSS RIVER MINERALS INC ("RRM")
BULLETIN TYPE: Reinstated for Trading
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletin dated May 14, 2008, the British
Columbia Securities Commission has advised TSX Venture Exchange that the
Cease Trade Order issued against the Company has now been revoked.
Effective at the opening, June 23, 2008, trading will be reinstated in the
securities of the Company.
TSX-X
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ROYAL ROADS CORP. ("RRO")
BULLETIN TYPE: Company Tier Reclassification
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
In accordance with Policy 2.5, the Company has met the requirements for a
Tier 1 company. Therefore, effective Monday, June 23, 2008, the Company's
Tier classification will change from Tier 2 to:
Classification
Tier 1
TSX-X
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SPRUCE RIDGE RESOURCES LTD. ("SHL")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to
joint venture agreement (the "Agreement") dated June 18, 2008, between
Spruce Ridge Resources Ltd. (the "Company") and RX Exploration Inc. ("RX")
- a CNQ-listed company, to form a new joint venture corporation to acquire
about 350 to 400 acres of patented mining claims located adjacent to RX's
Drumlummon Mine near Marvsville, Montana. The Agreement provides that the
Company will receive a 50% equity stake in the new joint venture company.
In order to earn the 50% interest, the Company must subscribe to RX's
private placement. Pursuant to the Company's $3,000,000 investment in the
private placement, the Company has subscribed to 7,500,000 units at a
price of $0.40 per unit. Each unit consists of a common share and one
common share purchase warrant. Each warrant is exercisable into one common
share at a price of $0.60 per share for a period of two years.
For further information, please refer to the Company's press release dated
April 22, 2008.
TSX-X
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VAST EXPLORATION INC. ("VST")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing
documentation pertaining to a Production Sharing Contract (the "PSC"),
dated May 14, 2008, between Vast Exploration Inc. (the "Company"), Niko
Resources Ltd., Groundstar Resources Ltd. (collectively its "consortium
partners") and the Kurdistan Regional Government of Iraq, whereby the
Company can earn a 27% participating interest in the PSC through the
exploration, development and production of petroleum resources in the 846
square kilometre Qara Dagh Block, located in the Sulaymaniya Governorate
of the Federal Region of Kurdistan, Iraq.
The Company anticipates approximately $10 million will be spent on capital
expenditures in 2008.
For further details, please refer to the Company's news release dated May
20, 2008.
TSX-X
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WELICHEM BIOTECH INC. ("WBI")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
This is to confirm that further to the TSX Venture Exchange bulletin dated
June 19, 2008, the Exchange has been advised by the Company of an
amendment as follows:
Finder's Fee: 10% in cash based on the gross proceeds raised
by each payable to Beijing Tianxing Technology
Co. Ltd. (Hanyu Wu/Yali Wang/Liping Fu)
($50,000) and Tianjin TEDA Jinlihua Trade Co.
Ltd. (Kaiqi Li/Minxi Li) ($447,000).
TSX-X
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WESTERN WIND ENERGY CORP. ("WND")
BULLETIN TYPE: Halt
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Effective at 9:47 a.m. PST, June 20, 2008, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Investment Industry Regulatory
Organization of Canada, the Market Regulator of the Exchange pursuant to
the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
TSX-X
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WESTERN WIND ENERGY CORP. ("WND")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Effective at 11:00 a.m. PST, June 20, 2008, shares of the Company resumed
trading, an announcement having been made over StockWatch.
TSX-X
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WESTSTAR RESOURCES CORP. ("WER")
BULLETIN TYPE: Halt
BULLETIN DATE: June 20, 2008
TSX Venture Tier 2 Company
Effective at the open, June 20, 2008, trading in the shares of the Company
was halted at the request of the Company, pending an announcement; this
regulatory halt is imposed by Investment Industry Regulatory Organization
of Canada, the Market Regulator of the Exchange pursuant to the provisions
of Section 10.9(1) of the Universal Market Integrity Rules.
TSX-X
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NEX COMPANIES
MONETA RESOURCES INC. ("MOT.H")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2008
NEX Company
TSX Venture Exchange has accepted for filing a sub-participation agreement
dated June 11, 2008 (the "Sub-Participation Agreement") between the
Company and Triange USA Petroleum Corporation Ltd. ("Triangle"), pursuant
to which Triange has assigned its rights in an exploration agreement dated
December 7, 2005 between Triangle and Hunter Energy LLC (the
"Participation Agreement"). Pursuant to the Participation Agreement,
Triangle is required to drill one vertical test well on certain joint
participation lands consisting of a 38,767 contiguous acre land position
in the Valley County area of Montana (the "Montana Property") with
established analogous production in the area. The Montana Property is
comprised of federal, state, and fee leases with an average royalty of 20%
and no further encumbrances.
Pursuant to the Sub-Participation Agreement, Moneta will pay Triange
$812,000 in consideration for Triangle's land, geological and geophysical
expenses incurred on the Montana Property to date, and will thereafter
assume all of Triangle's obligations set out in the Participation
Agreement. Moneta will also pay 33.33% of the cost to drill a test well on
the Montana Property to a depth of 5,500 feet below the surface to test
for Nisku oil potential and evaluate the Sunburst, Bakken, and other up
hole potential (the "Test Well").
Pursuant to the Participation Agreement and the Sub-Participation
Agreement, Moneta will earn a 25% non-operating working interest in all
rights to the Montana Property after Moneta drills the Test Well.
TSX-X
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THE SILVER RECYCLING COMPANY INC. ("TSR")
(formerly The Silver Recycling Company Inc. ("TSR.H"))
BULLETIN TYPE: Graduation from NEX to TSX Venture, Symbol Change, Change
of Business, Private Placement-Non-Brokered, Resume Trading
BULLETIN DATE: June 20, 2008
NEX Company
Graduation from NEX to TSX Venture, Symbol Change
The Company has met the requirements to be listed as a TSX Venture Tier 2
Company. Therefore, effective on June 23, 2008, the Company's listing will
transfer from NEX to TSX Venture, the Company's Tier classification will
change from NEX to Tier 2 and the Filing and Service Office will change
from NEX to Vancouver.
Effective at the opening, June 23, 2008, the trading symbol for the
Company will change from TSR.H to TSR.
Change of Business
TSX Venture Exchange has accepted for filing the Company's Change of
Business ("COB") pursuant to the Company's acquisition of all of the
shares of each of Pyropure Inc. and Sun Valley Film Wash Inc. for the
consideration of: (1) $1,620,000 cash, (2) the issuance of 3,455,242
common shares, and (3) $2,100,000 paid by way of a vendor take-back note
secured against certain assets of the Company.
Insider / Pro Group
Participation: N/A
The Company is classified as a 'Silver Recycling' company.
Escrowed: 8,633,189 common shares
Escrow Term: 3,473,189 shares for 3 years
5,160,000 shares for 18 months
In addition, the Exchange has accepted for filing the following:
Non-brokered Private Placement
TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Non-Brokered Private Placement announced March 13,
2008:
Number of Shares: 2,815,827 Units
Purchase Price: $0.60 per Unit
Warrants: 1,407,913 share purchase warrants to purchase
1,407,913 shares
Warrant Exercise Price: $0.85 for a one year period. If, after four
months from closing, the shares of the Company
trade at more than $0.85 for a period of 20
consecutive days, the Company may accelerate
the expiry date of the outstanding warrants to
not less than 20 days from the date notice
is given to the warrantholders.
Number of Placees: 28 placees
Insider / Pro Group Participation:
Insider equals Y /
Name ProGroup equals P / # of Shares
Donald Holmstrom Y 58,333
Robert Quartermain Y 166,666
Finder's Fee: $22,560 and 37,600 shares payable to Montclair
Equity-Capital Corporation (James Hogan)
$10,000 and 16,666 shares payable to G2
Consultants (Grant Prenevost)
$8,520 and 14,200 shares payable to PI
Financial Corp.
10,717 shares payable to Silver Strategies
(Sean Rakhimov)
$5,520 and 9,200 shares payable to Cardy
Management Corp. (Darryl Cardey)
$400 and 667 shares payable to Bryan McKoen
$10,008 and 16,680 shares payable to Erich
Perroulaz
$2,000 and 3,334 shares payable to Canaccord
Capital Inc.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly. (Note that in certain circumstances the Exchange may later
extend the expiry date of the warrants, if they are less than the maximum
permitted term.)
Resume Trading
Further to TSX Venture Exchange Bulletin dated March 14, 2008, effective
at the open on June 23, 2008, shares of the Company will resume trading,
the Company's COB having been completed.
TSX-X
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